A common stock has a current dividend of $3.00, an annual growth rate of 4 percent, and an required rate of return of 15 percent, then the current stock price is
A certain stock is priced at $25 per share today and is expected to pay a dividend of $6.00 per share in one year. The dividend is expected to grow at a rate of 3% forever. What is the required rate of return on the stock?